Why are rich people so tight?

Denis322

I've always wondered why well off people are so tight with their money, and complain about having to spend a cent more than they should.

One of the things I'd consider a luxury for when you have extra spending money is branded goods. Most of the time branded goods are better than generic ones, though there are exceptions. I know people who are very well off, no lack of money who buy the cheapest of everything, from supermarket shoes to prison-grade toilet paper. One particular person I know lives even breaks up easter eggs they're given and freezes them, keeping them for Halloween :eek:

I thought the whole point of having more money was to live that little bit better, even if it's only something as simple as getting Kelloggs cereals over own brand ones(provided you do actually prefer it)?

Where To

Why are tight people so rich?

mattjack

[QUOTE=Denis322;83245484]I've always wondered why well off people are so tight with their money, and complain about having to spend a cent more than they should.

One of the things I'd consider a luxury for when you have extra spending money is branded goods. Most of the time branded goods are better than generic ones, though there are exceptions. I know people who are very well off, no lack of money who buy the cheapest of everything, from supermarket shoes to prison-grade toilet paper. One particular person I know lives even breaks up easter eggs they're given and freezes them, keeping them for Halloween :eek:

I thought the whole point of having more money was to live that little bit better, even if it's only something as simple as getting Kelloggs cereals over own brand ones(provided you do actually prefer it)?[/QUOTE]

I'm wondering should I have another coffee.

Grayson

Only some rich people are like that. Just like some not so well of are. It's just more noticable in richer people.

Go look at the stinginess thread. You'll see it affects every spectrum of race, gender, sexuality and income levels.

dodderangler

Why does it always rain in Ireland?

You don't get rich by throwing your money away

rolliepoley

Because they are cute whores.

ilovesleep

They get rich because they are tight.

Martyn1989

Denis322 wrote: »

I've always wondered why well off people are so tight with their money, and complain about having to spend a cent more than they should

Why would rich people pay more then they should?

Why is everyone so concerned about what everyone else has and spends?

Martyn1989

Martyn1989 wrote: »

Why would rich people pay more then they should?

Why is everyone so concerned about what everyone else has and spends?

Because "they have more than me and it's not fair! :(:mad::mad::(:("

guttenberg

bluewolf wrote: »

You don't get rich by throwing your money away

The music videos of countless 90's rap stars would disagree with you:D

OneArt

Denis322 wrote: »

I know people who are very well off, no lack of money who buy the cheapest of everything, from supermarket shoes to prison-grade toilet paper.

A lot of stuff like toilet paper is pretty much the same no matter what brand it is. At the end of the day it's just paper for wiping your arse. I always get the cheapest stuff. Who gives a f*ck if it smells nice it's going to be covered in sh!te anyway.

cruderbeef

Rich people are tight because they can afford to be.

Tar.Aldarion

I didn't get rich by writing cheques

http://www.berfrois.com/wp-content/uploads/2012/01/bill-gates.jpg

kjl

Why are generalisations so general?

J_E

How are you so sure they're 'rich'? Some people can put out false appearances.

Anyway, being 'tight' and saving money on generic brands which probably taste the same anyway are two different things.

Chemical Burn

Denis322 wrote: »

I've always wondered why well off people are so tight with their money, and complain about having to spend a cent more than they should.

One of the things I'd consider a luxury for when you have extra spending money is branded goods. Most of the time branded goods are better than generic ones, though there are exceptions. I know people who are very well off, no lack of money who buy the cheapest of everything, from supermarket shoes to prison-grade toilet paper. One particular person I know lives even breaks up easter eggs they're given and freezes them, keeping them for Halloween :eek:

I thought the whole point of having more money was to live that little bit better, even if it's only something as simple as getting Kelloggs cereals over own brand ones(provided you do actually prefer it)?

They're rich because they were careful with their money, ie, they did not squander it.

Praetorian Saighdiuir

Butt clenches and Kegel exercises.

efb

Why are poorer people more wasteful with money...

orestes

efb wrote: »

Why are poorer people more wasteful with money...

If them next door are getting a massive tv and new windows put in then so am I dammit! :mad:

snubbleste

Denis322 wrote: »

...One of the things I'd consider a luxury for when you have extra spending money is branded goods.
Most of the time branded goods are better than generic ones, though there are exceptions. ...

Oh? Give us a link to that information.

Dejvice

In this day and age I refuse to pay over the odds......it means in all areas from phone contract, insurance, heating oil, tv, etc..In the last few years not being frugal or mean or being stingy but by being polite and simply saying your price is not acceptable and I am sure you can do better....and I guess in 70 percent of cases they do better on price.....but I still go further. And I mean everything from branded goods etc......before Christmas walked out of a branded goods shop with a 30percent discount by asking for manager negotiating and showing the money and saying that is what I have....and it's afair offer (from 220e to 150e)Take it or leave it.

Since I started to adopt this approach in last few years I estimate I have saved my family about 3,000 EUR a year. Not life changing money by any means but it's in my pocket and that's what matters. (over the years these savings can add up)

Martyn1989

snubbleste wrote: »

Oh? Give us a link to that information.

If all you require is a link to a random website to prove his point couldn't he just link his own post?

I do agree that brands aren't always better though

RealExpert

I know a woman that is so tight her ar*e squeaks when she walks....
PS:I dont know if she is rich or not :-)

Irish Guitarist

Denis322 wrote: »

I thought the whole point of having more money was to live that little bit better, even if it's only something as simple as getting Kelloggs cereals over own brand ones(provided you do actually prefer it)?

Tesco corn flakes taste exactly the same as Kelloggs.

snubbleste

Irish Guitarist wrote: »

Tesco corn flakes taste exactly the same as Kelloggs.

They do not!

kiffer

snubbleste wrote: »

They do not!

They taste close enough... but they're not made of corn. They're made out of toenails.

Mr Benevolent

rolliepoley wrote: »

Because they are cute whores.

But if they were ugly whores they wouldn't be rich.

steddyeddy

Most aren't tight. They, like any section of society comprise good, bad, mean and generous.

They got rich because they were careful with their money. A lot of the people who are perpetually broke wouldn't be broke at all if they weren't so careless with their spending. Buying only brand names, buying new clothes all the time, buying drinks for strangers might make you look generous but it also means a few hundred euro down the drain that could have gone into your savings account.

Paying over the odds for things and throwing your money around to show off is stupid. It doesn't impress anyone, it doesn't get you anywhere. It's just stupid.

Irish Guitarist

snubbleste wrote: »

They do not!

They do so!

wendell borton

dodderangler wrote: »

Why does it always rain in Ireland?

Is it because i lied when i was seventeen?

Irish Guitarist wrote: »

Tesco corn flakes taste exactly the same as Kelloggs.

But are they as effective in masturbation prevention?

Pottler

Dejvice wrote: »

In this day and age I refuse to pay over the odds......it means in all areas from phone contract, insurance, heating oil, tv, etc..In the last few years not being frugal or mean or being stingy but by being polite and simply saying your price is not acceptable and I am sure you can do better....and I guess in 70 percent of cases they do better on price.....but I still go further. And I mean everything from branded goods etc......before Christmas walked out of a branded goods shop with a 30percent discount by asking for manager negotiating and showing the money and saying that is what I have....and it's afair offer (from 220e to 150e)Take it or leave it.

Since I started to adopt this approach in last few years I estimate I have saved my family about 3,000 EUR a year. Not life changing money by any means but it's in my pocket and that's what matters. (over the years these savings can add up)

Ah yeah, but I heard you were a right spendthrift in Victorian times. Rich people didn't get rich because they were tight with money, they got rich because they were good with money. There's a big difference. Scrimp all you want, if there's not big money coming in, you be stayin poh.

Pottler

Pottler wrote: »

Ah yeah, but I heard you were a right spendthrift in Victorian times. Rich people didn't get rich because they were tight with money, they got rich because they were good with money. There's a big difference. Scrimp all you want, if there's not big money coming in, you be stayin poh.

Indeed, but a lot of people have big money coming in and still think they're poor, because they have no idea how to manage it.

3ndahalfof6

They all like each other, and get on well.

Dejvice

Pottler wrote: »

Ah yeah, but I heard you were a right spendthrift in Victorian times.

Really, where did you read that......can you post a link? Would love to read about it.

Pottler wrote: »

Rich people didn't get rich because they were tight with money, they got rich because they were good with money.

Aha..... so that's the secret.....well done. You are a smart guy. Just a little aside for you I am part of the 'THEY'..........don't hold it against me.

Pottler wrote: »

There's a big difference. Scrimp all you want, if there's not big money coming in, you be stayin poh.

Yes big difference thats for sure.
Big difference between appreciating value of money, understanding when one is being ripped off and being an idiot to accept face value of a service or product.

Kind regards and enjoy your evening.

stoneill

wendell borton wrote: »

But are they as effective in masturbation prevention?

The checkout operator is.

Dejvice

Bradley Squeaking Talc wrote: »

Indeed, but a lot of people have big money coming in and still think they're poor, because they have no idea how to manage it.

It's not thinking you are poor, it is being careful. If one starts off poor then one understands what it is to go without etc. In this respect a rich/wealthy person does not think about 'I am rich I have enough I am made' but rather thinks about the next generation and the generation after that.

Moreover, a wealthy/rich (whatever you want to call it) does not think about or even manage his/her money, they employ people/professionals to do that.

Regards

BrianD3

Everyone's circumstances are different and everyone has a different definition for what is tight and what is rich. Also, how do you know how rich or tight someone is, people don't generally share with others what their earnings, assets, debts and expenditure are. It's a mistake to judge someone on their occupation or car or house. Often, you only get a sense for how wealthy someone was after they've died and their will appears in the Sunday papers, there are flaws with that approach too as substantial assets might have been transferred/gifted/hidden before death.

Now thanks to frugal living, hard work and luck I have no debt and a decent amount stashed away - enough to cover my projected living costs for at least the next 30 years. However I'm not a millionaire. Examples of frugal/tight things that I do are buying much of my food from the last day section in Tesco where it is discounted by 30-90%. And in general I like getting a bargain, am careful with money, don't drink or smoke etc.

So, based on this, am I
rich and tight?
tight but not rich?
rich but not tight?
not rich and not tight?

As for brand name products - sometimes they are worth paying extra for but very often they're not. People who are brand obsessed and say things like "you get what you pay for" are usually suckers in my experience.

harry Bailey esq

Grayson wrote: »

Only some rich people are like that. Just like some not so well of are. It's just more noticable in richer people.

Go look at the stinginess thread. You'll see it affects every spectrum of race, gender, sexuality and income levels.

spot on. some people are just born stingy.

tim3000

You don't get rich by writing checks

Dejvice

Pottler wrote: »

Someones cranky. First bit was a joke, you can have that one. Secondly, thanks, yes, I'm pretty smart as it happens. Also pretty rich, as it happens, but there you go. Also not mingy, ever. Also spend a lot of time advising companies on cost savings and value for money, usually the sharpest of the sharp. Most are household names, doubt they hire me for my looks, but I am pretty good-looking.:) You is cranky. Probably mingy too. If you're ugly, you got the full-house.

Have a nice evening.

By the way I guess with almost 4500 postings in less than year you must be doing alot of 'advising'. Where do you get the time? Surely amazing.

Pottler

Dejvice wrote: »

Have a nice evening.

By the way I guess with almost 4500 postings in less than year you must be doing alot of 'advising'. Where do you get the time? Surely amazing.

You've heard of "staff", right? That's the idea of it, loads of free time.;) I don't get up early very often either. Shocking. I've also no idea who you are, or why you've a hard on for me, but any chance you'd go beat some other drum? This one is not in the humour.

BrianD3

BrianD3 wrote: »

Now thanks to frugal living, hard work and luck I have no debt and a decent amount stashed away - enough to cover my projected living costs for at least the next 30 years. However I'm not a millionaire. Examples of frugal/tight things that I do are buying much of my food from the last day section in Tesco where it is discounted by 30-90%. And in general I like getting a bargain, am careful with money, don't drink or smoke etc.

So, based on this, am I
rich and tight?
tight but not rich?
rich but not tight?
not rich and not tight?

As for brand name products - sometimes they are worth paying extra for but very often they're not. People who are brand obsessed and say things like "you get what you pay for" are usually suckers in my experience.

If you can cover your living costs for the next 30 years, I'd say you're rich. I would choose the 'rich and tight' option, only I'd replace 'tight' with 'smart'. As long as you're not screwing other people over to save a few quid and always at the toilet when it's your round, be proud of being tight. Nothing wrong with buying reduced stuff at Tesco instead of splashing out on fancy stuff for the sake of it.

Ruudi_Mentari

Where To wrote: »

Why are tight people so rich?

They don't know what to spend it on!!

Else ake immense satisfaction in having more money than meets the eye.. I guess u don't wanna draw attention to yorself when you're loaded but rich ***** always look so uninteresting, honestly i wouldn't bat an eyelid. Coot Hures, probs paid big money for cosmetic surgery ro disfigure emselfs too

dr.fuzzenstein

OneArt wrote: »

A lot of stuff like toilet paper is pretty much the same no matter what brand it is. At the end of the day it's just paper for wiping your arse. I always get the cheapest stuff. Who gives a f*ck if it smells nice it's going to be covered in sh!te anyway.

You haven't tried Badger's Arse then:

http://fumaga.com/i/badgers-arse-toilet-paper.jpg

Scruffles

rich people are definitely not all tight feckers,it probably depends on their childhood/what sort of upbringing they had.
tight rich people were probably once poor maybe.

am friends with the owner of the autism residential home organisation am living under and know exactly what she is like with the cash,she is mega mega rich-owns a bentley,aston martin and a smart car used for the company,she sponsors two kids of a disabled dad in africa-their mum died during the last pregnancy; she sends them a huge package of brand new clothing,school uniforms,toys,books etc every year and pays for the kids to go to school.
start of last year off her had gotten an expensive incubator,brooder and lots of other chicken stuff to start incubating chicks she also paid for six hatching eggs of a rare breed which were expensive.
she is always thinking of others-she is nothing like the stereotypes of rich people.

Dejvice

Pottler wrote: »

You've heard of "staff", right? .

No, Actually I haven't heard of ´Staff´.......are they or it like ´employees'? Do the staff post for you here, or do they advise companies?

Regards

DEFTLEFTHAND

I find it's always the Nouveau riche who are such. Old money families are seasoned in finance and will never let down their name by being tight to any lower order.

the purple tin

bluewolf wrote: »

You don't get rich by throwing your money away

Oh, I didn't get rich by writing a lot of cheques (crazy laugh)

http://www.fantascienza.com/delos/delos52/sigates.jpg

donegal_road

you will never find people begging in wealthy areas. They are more inclined to go looking for charity from lower to middle class people as they can empathize better with the poor.